US Financial Giants Boost UK Investments and Jobs

ECONOMIC GROWTH - JAKARTA. The UK government on Saturday announced a total of over 1.25 billion pounds (US$1.69 billion) of private U.S. investment in the UK's financial services sector including PayPal (PYPL.O), Bank of America (BAC.N), Citigroup (C.N), and S&P Global (SPGI.N).

New U.S. investments will create 1,800 jobs from Belfast to Edinburgh and boost benefits for millions of customers, the statement said.

The deal lines up 20 billion pounds in trade between the two nations – including an expected commitment of 7 billion pounds from BlackRock (BLK.N), opens new tab to grow in the UK, the statement added.

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Bank of America will create up to 1,000 new jobs in Belfast, marking its first-ever operation in Northern Ireland, the statement said.

Citi will invest 1.1 billion pounds across its UK operations, while in Manchester, S&P Global will create 200 permanent jobs through its investment of 4 million pounds, the statement added.